Cardano Joins Valos
We are excited to share that Cardano (ADA) is now available on Valos! This means you can start earning with one of the most talked-about assets in the crypto world.
Let’s take a closer look at what makes ADA unique and why it’s a great addition to the platform.
A Bit of History
ADA was launched in 2017 by Charles Hoskinson, who was also one of the co-founders of Ethereum. Its goal was simple: to create a blockchain that is more secure, scalable, and sustainable.
What sets ADA apart is its focus on research. Every upgrade and feature is carefully studied and peer-reviewed before being introduced. This ensures the platform is not only reliable but also ready to handle the demands of the future.
ADA uses a proof-of-stake system, which is much more energy-efficient than traditional mining. This makes it a popular choice for people who care about the environment and the long-term impact of blockchain technology.
Recent Activity
November 2024 was a significant month for ADA, showcasing its continued growth and development in the crypto space. Here are some key highlights:
- ADA’s Price Surge: ADA saw a price increase of over 200% in November 2024. This growth was driven by a mix of strong market sentiment and confidence in the platform’s progress, making it one of the top-performing assets during this period.
- Wallet Milestone: The Cardano network reached an impressive 5 million active wallets, marking a major step in its adoption. This shows that more people are using Cardano for transactions, staking, and other activities, reflecting its growing appeal to both individuals and institutions.
- DeFi Ecosystem Expansion: ADA’s decentralized finance (DeFi) ecosystem has continued to gain traction. With over $200 million locked across various decentralized applications (dApps), projects like Minswap, Indigo, and others are bringing real utility to the blockchain. This growth highlights Cardano’s ability to compete with other major platforms in the DeFi space.
- The Mithril Upgrade: One of ADA’s standout achievements was the implementation of the Mithril upgrade. This update significantly improved the speed and efficiency of syncing nodes on the network, making it easier for participants to engage with the blockchain. Faster node synchronization means better performance and accessibility for users, a critical factor for long-term growth.
- Real-World Use Cases: ADA also gained attention for its increasing focus on real-world applications. From partnerships in supply chain management to educational initiatives, ADA continues to prove its value beyond just cryptocurrency trading.
- Active Development: Behind the scenes, ADA’s developer community has remained highly active, with regular updates and enhancements to improve the network’s scalability, security, and functionality.
Valos Rates for ADA
Note: The Valos platform is currently open only to our waitlist members, and the APYs reflected are exclusive to them. The platform link and revised APYs will be updated once Valos goes live for the public. In the meantime, if you’d like to enjoy these higher APYs, our waitlist is still open!
Conclusion
ADA is a great addition to Valos because it offers users a reliable and innovative way to grow their earnings. Its strong focus on sustainability and constant upgrades make it a valuable asset for long-term growth.
By including ADA, we are giving our community more options to diversify their portfolio within the secure Valos platform.
Note: The Valos platform is currently open only to our waitlist members, and the APYs reflected are exclusive to them. The platform link and revised APYs will be updated once Valos goes live for the public. In the meantime, if you’d like to enjoy these higher APYs, our waitlist is still open!